Launched in 2020, Avalanche has become a prominent network for crypto enthusiasts. It’s a layer-1 blockchain that executes smart contracts efficiently, delivering high speed and security. With its own consensus mechanism, the ecosystem achieves some notable feats. It runs transactions in near-instant transaction finality and delivers high throughput. The platform emerges as a major competitor to the likes of Ethereum.
Its native token, AVAX, can be used for joining the ecosystem and for staking as well. In fact, AVAX staking has gained huge popularity lately. Today, a large number of exchanges and wallets are offering this service. The participants get a source of passive income along with many other benefits, depending on the platform they choose. Therefore, let’s explore the top platforms to stake AVAX to see what they offer.
Top Platforms to Stake AVAX
The top platforms to stake AVAX mentioned in the article below are well-known among crypto users for AVAX staking. They offer competitive returns along with ease, security, and much more.
OKX
OKX is a centralized exchange that offers staking of AVAX and many other tokens. It’s a popular platform that delivers a wide array of services to crypto users. Traders can access multiple trading types, diverse DeFi solutions, and much more. AVAX holders can start staking with just 25 tokens and expect up to 9.1% APY. The intuitive interface makes the overall usage easy for beginners as well as proficient investors.
To empower users in trading, it gives high-end charting tools and indicators. Using the Ordinals marketplace, they will explore various options at zero fee. Features like Smart Earnings and Quick Order will help crypto enthusiasts expand their earning capabilities. For security, it applies robust security measures too. Traders can buy/sell over 400 cryptos using cards and all the major banking methods. All these features make OKX one of the best among the top platforms to stake AVAX.
Core Wallet
This non-custodial wallet facilitates AVAX staking with an APY of up to 7.6%. Moreover, they can join with just 25 tokens and enjoy full ownership of their private keys. The platform delivers many other merits that make it considerable for crypto users. For AVAX users, it makes the integration of Bitcoin absolutely seamless. They can also use various other EVM-compatible chains with efficacy.
A notable highlight of the Core wallet is lightning-fast swaps across different networks at no cost. Avax holders can start staking right through the wallet and earn rewards. They obtain access to NFT marketplaces and dApps on the Avalanche network using this platform. Users experience high-grade security along with an intuitive interface and real-time market updates to excel in their trading. Many consider it among the top platforms to stake AVAX.
Ledger Wallet
For AVAX users, Ledger wallet offers up to 8% APY and a non-custodial model. They can start staking with just 25 tokens and experience multiple advantages. Equipped with a secure element chip, this hardware wallet offers security from major cyber threats. While being a cold storage unit, the tool facilitates buying, selling, staking, and portfolio management with the Ledger Live app.
It also works as a hardware authenticator for Web3 services. Among other salient features, one is “Private Key Isolation” which lets users ensconce their keys in an undisclosed location. It supports the storage and management of NFTs, too. Users can deal with multiple assets with unmatched ease. Moreover, some models come with an advanced touchscreen for easy viewing and handling of assets.
Best Wallet
Best Wallet is an interesting option to stake AVAX, especially when a user wants to find a compromise between functionality and simplicity. Being a non-custodial solution, it allows users to have full control over their own private keys and access staking opportunities on various blockchains, such as Avalanche.
The platform’s strength lies in its user-friendly design, which caters to both beginners and experienced traders. Its built-in DEX aggregator facilitates trading activities, and cross-chain swap capabilities remove the friction inherent to multi-blockchain operations. This means that AVAX holders can enjoy staking rewards without having to deal with complicated interfaces.
No-KYC requirement: Users who value their privacy will appreciate the absence of a KYC requirement, allowing them to engage in staking activities without compromising their anonymity. The wallet’s robust Security infrastructure offers an extra layer of reassurance for long-term AVAX holders aiming to optimize their returns through staking rewards while ensuring asset custody.
Coinbase
Coinbase is a leading exchange that offers AVAX staking along with a spectrum of other features. The centralized platform offers APY of up to 4.47% which is comparatively the lowest. However, it allows traders to access different attributes to strengthen their trade. AVAX holders don’t have a minimum token limit to join staking. They don’t get ownership of private keys due to the model, but enjoy ease of usage.
To beef up security, the platform implements encryption and two-factor authentication. On the trading front, it offers multiple trading types, advanced tools, an integrated wallet and much more. In-depth charting and real-time order books make strategizing of trade easier. Traders can use credit/debit cards and other banking methods for deposits/withdrawals. It also has a dedicated section for tutorials.
Binance
The largest cryptocurrency exchange is known for several attributes that include staking. For AVAX holders, it offers multiple pools that can offer up to 23% APY. It is the highest across all platforms, including exchanges and wallets. Since there are different pools, the joining limit varies. The centralized platform delivers various trading types while charging low transaction fees. It’s definitely among the top platforms to stake AVAX.
The key highlights include refined tools, P2P trading, a user-friendly interface, an NFT marketplace, and crypto transfer without gas fees. Using Binance Earn, traders gain access to staking and other DeFi solutions. Binance offers a whole suite of features that delivers diversified services to learned investors. Besides robust security, it brings high liquidity, multi-platform access, global reach, and opportunities for new projects.
Stakely.io
Stakely.io is a non-custodial staking provider that supports AVAX as well. The platform mandates a minimum limit of 25 tokens while delivering up to 7.3% APY. It also offers liquid staking and many other noteworthy features. It is well-regarded for the advanced security measures, including ISO 27001 certifications. At the same time, the channel provides high uptime along with features like staking insurance.
The other key attributes are multi-network support, multi-coin faucets for gas fees, and 24/7 surveillance. With high-quality node infrastructure, the platform charges very low fees to users. The easy interface makes solutions like staking accessible even for beginners. Operating on the PoS model, it makes the process of token creation and validation easy-going. The platform simplifies things and makes passive income more accessible.
CEX.io
CEX.io offers a simplified AVAX staking service, which removes technical complexity and ensures maximum security and flexibility. The hybrid wallet system of the platform provides cold storage security and hot wallet features, enabling users to automatically stake their AVAX holdings without losing the ability to trade.
Rewards are computed and paid out monthly with a handsome 5% annual percentage rate, offering predictable passive earnings. The most notable characteristic of the platform is its flexibility-staked AVAX can be traded and withdrawn, and coins in open limit orders can still be rewarded until executed. This eliminates the liquidity limitations that are characteristic of traditional staking.
Auto-reinvestment feature allows the compound to grow by automatically putting rewards into the balance of users. The system needs no technical expertise or manual configuration, so it is available to both beginner and expert investors. Security in cold storage preserves the assets and keeps the convenience of immediate access to trading activities.
Conclusion: Top Platforms to Stake AVAX
AVAX has become a popular choice for staking due to a number of reasons. It makes joining the staking program quite easy and makes the rewards noticeable. Working on its unique consensus, Avalanche solves many complex problems in this process. AVAX holders can stake their assets on this platform in different ways, too. Apart from delegating the tokens and running the validation process, they can also use liquid staking.
Each method has its own advantages and scope of earning rewards. All they need is to meet the requirements and start the process. However, it’s important for users to do their due diligence before joining. The top platforms to stake AVAX certainly make things easier for them. They make staking more accessible and hassle-free for crypto users.
Frequently Asked Questions
How do staking rewards (APY) compare across top platforms to stake AVAX?
Rewards on staking can be up to 23% APY (Binance), up to 9.1% (OKX), up to 8% (Ledger), up to 7.6% (Core Wallet), up to 7.3% (Stakely), and about 4.47% (Coinbase). Prices vary based on platform, pool type and prevailing network conditions.
Which platforms offer non-custodial AVAX staking for improved security?
Ledger, Core Wallet and Stakely.io offer non-custodial staking, allowing users to retain their private keys and improving security against hacks and withdrawals, compared to custodial exchanges.
Are there AVAX staking options with liquid staking or compounding?
On sites such as Ankr and Stakely.io, liquid staking is offered, enabling users to earn AVAX and utilize liquid tokens in DeFi protocols. Other platforms automatically compound returns to maximize returns.
